Maverick Capital Ltd. Sells 940 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Maverick Capital Ltd. lowered its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,354 shares of the company’s stock after selling 940 shares during the quarter. Maverick Capital Ltd.’s holdings in Floor & Decor were worth $1,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. increased its position in shares of Floor & Decor by 4.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after acquiring an additional 96 shares during the last quarter. Vancity Investment Management Ltd raised its stake in shares of Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after purchasing an additional 111 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after buying an additional 120 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after buying an additional 121 shares during the period. Finally, King Luther Capital Management Corp increased its holdings in Floor & Decor by 1.2% during the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after buying an additional 127 shares during the last quarter.

Floor & Decor Price Performance

FND stock opened at $122.77 on Friday. The firm has a 50 day simple moving average of $106.61 and a two-hundred day simple moving average of $110.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The stock has a market cap of $13.14 billion, a PE ratio of 59.31, a P/E/G ratio of 2.46 and a beta of 1.79. Floor & Decor Holdings, Inc. has a one year low of $76.30 and a one year high of $135.67.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. On average, analysts predict that Floor & Decor Holdings, Inc. will post 1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FND shares. Telsey Advisory Group reduced their target price on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, August 2nd. Melius Research initiated coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price on the stock. Wells Fargo & Company cut their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. lowered their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $102.65.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.